$5,500,000 Oakland Shopping Center By Alexa Mizrahi July 6, 2017 In RECENT TRANSACTIONS $5,500,000 Oakland Shopping Center2017-07-062017-07-20https://www.loneoakfund.com/wp-content/uploads/2018/04/lone-oak-fund-logo.pngLone Oak Fundhttps://www.loneoakfund.com/wp-content/uploads/2017/07/oakland.jpg200px200px Loan Amount $5,500,000 Transaction Acquisition Collateral 70,871 square foot vacant shopping center on a 6.92 acre lot. In-place ground leases with McDonald’s & Taco Bell. Location Oakland, California Purpose of Loan Complete auction purchase Exit Strategy Bank loan after lease-up and stabilization Loan Term 12 months Interest Rate 7.90% interest only Origination Fee 1.0 point Additional Terms No prepayment penalty. No yield maintenance. Non-recourse. Recent Posts$15,500,000 – Newly Constructed Apartment Building$7,200,000 – Newport Beach Office Building$21,000,000 – Newly Constructed Apartment Building
